Advantages of e-auction

Answer 1

• On-line tendering is a method of standardising the procurement process

• Preferred bidders are all contained within a single database

• Bidders can be monitored

• Good control of bidders' submissions

• Easy comparison of bids

• Confidence in validity and integrity of contractual documentation

• Time benefits: reduction in paperwork, postage, photocopying

• Ease and speed of communication to multiple bidders

• Audit trail for documentation

• Secure bidding environment

• Better efficiency in the process

• Potential for access to competitors' bids

• The ability to submit more than one bid

(From the website in the related links)

Answer 2

l Elimination of paper and streamlined process l Short negotiation cycle l Better value for money procurement l Increased transparency of the contract award process